Crushpad Napa could close if funding attempts fail

The Napa Valley company Crushpad has warned that it is likely it will close the business if it fails to get funding imminently. The company crushes grapes and makes wine for individuals or groups of people but is in financial difficulties after missing out on US$500,000 worth of funding recently.

Industry insiders in the US say that Crushpad’s business model – where high-net worth individuals each make their own barrels of wine – has been hard hit by the recession and those hit hardest simply don't have the US$10,000 needed to pay for the wine they have made.

Meanwhile Crushpad Bordeaux which is moving production of the 2012 vintage from Chateau Teyssier to Chateau Lynch Bages will continue. It maintains a cross-marketing relationship but has no financial links with Crushpad Napa.